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social security payroll taxes are going back to the 6.2 percent level that they were at during the bush years . I believe they were lowered to 4.2 percent at the beginning of obamas first term. Don't know about nascar i'm into super cross racing .

social security payroll taxes are going back to the 6.2 percent level that they were at during the bush years . I believe they were lowered to 4.2 percent at the beginning of obamas first term. Don't know about nascar i'm into super cross racing .

To the tune of two months rent for me.

If you can't fix it with JB Weld, Duct Tape, and Ty Wire it has to be replaced.
No good deed goes unpunished.
If you want to take off friday to go fishing then make sure you train your helper right.

Yeah just looked at my check and notice it was about 35 dollars lighter then usuall but I have to remember this was a payroll holiday that I have been recieving so I guess the holiday is over...1 less case of beer and tank of gas for me...

I choose to look at it this way , taxes have gone back to prebush levels except for people under 350k . Tax cuts should have never been because it helped fuel are current economy. No body likes higher taxes but its part of the game . I wish we would have already had equal cuts in spending as new taxes . Im in the 40-50k bracket and my taxes are low anyway so raising some is ok . Plus if the 2 percent helps social security than im ok with it . Dont know if it does though .

Not quite true. The money taken was replaced with vouchers which still counts as "on the books" so to speak.

That isn't the problem. The problem is that we are becoming Italy; the amount of elderly retirees is currently outpacing our ability to replace them with active working bodies. Thus, between 1945 and 1965, the decline in worker-to-beneficiary ratios went from 41 to 4 workers per beneficiary.

The program can stay in good health at 3 workers per retiree. Unfortunately, we are currently just below that at 2.9 workers per retiree. That will go to a flat 2.0 by 2030, which is why that is around the year they say the program will only be able to pay out about 75% of benefits.

That is, assuming that the Feds do not also default on the vouchers thing.

"Most people would sooner die than think; in fact, they do so." ― Bertrand Russell

Not quite true. The money taken was replaced with vouchers which still counts as "on the books" so to speak.

That isn't the problem. The problem is that we are becoming Italy; the amount of elderly retirees is currently outpacing our ability to replace them with active working bodies. Thus, between 1945 and 1965, the decline in worker-to-beneficiary ratios went from 41 to 4 workers per beneficiary.

The program can stay in good health at 3 workers per retiree. Unfortunately, we are currently just below that at 2.9 workers per retiree. That will go to a flat 2.0 by 2030, which is why that is around the year they say the program will only be able to pay out about 75% of benefits.

That is, assuming that the Feds do not also default on the vouchers thing.

And that is the big elephant in the room that the conservatives that call for tax cuts ignore. You just do not have time to get your financial situation in order without raising money to pay down the debt before a good chunk of the population wants to retire. And with them retiring spending will go down reducing the economy and the government's cut of it.

Never argue with a fool, onlookers may not be able to tell the difference. Mark Twain